Rusal's Hong Kong shares hit 10-year high after repaying some debt ahead of schedule

China Hongqiao

13/09/2021 05:10

** Hong Kong-listed shares of Russian aluminium giant OK
Rusal MKPAO  0486.HK  jump as much as 9.7% to HK$7.88, highest
since September 2011
    ** Stock on track for biggest daily pct gain since Sept. 6;
third-biggest pct gainer on Hang Seng Material index  .HSCIM 
    ** Rusal  RUAL.MM  repaid 27 bln roubles ($369.3 mln) of
debt to Russia's largest lender Sberbank  SBER.MM  ahead of
schedule  urn:newsml:reuters.com:*:nL1N2QC0GF
    ** Rusal, the world's third largest aluminium producer
behind China's Chinalco and Hongqiao  1378.HK , has increased
its focus on reducing its total debt and modernising its assets
    ** Firmer aluminium prices send related stocks higher with
Aluminium Corp Of China's Hong Kong shares  2600.HK  up 12.3% at
HK$7.49, highest since September 2017
    ** Shares of China Hongqiao rises 6.6%
    ** Hong Kong Hang Seng Commerce & Industry index  .HSNC 
drops 3%, while the material index  .HSCIM  surges 3.1%
    ** Hang Seng China Enterprises index  .HSCE  and the
benchmark index  .HSI  both drop 1.8%
    ** Rusal's Hong Kong-listed shares up 98.9% this year, as of
last close

 ($1 = 73.1090 roubles)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))